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Unabsorbed Losses extended to a Maximum Period of 10 consecutive Years of Assessment

Updated: May 2, 2022


Budget 2022 Highlights - Review of Tax Treatment on Unabsorbed Losses - PDF

98. Budget 2022 Highlights - Review of Tax Treatment on Unabsorbed Losses
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1. The Budget 2022 was tabled in Parliament on 29 October 2021, It is proposed that:


👉 the current unabsorbed business losses that can be carried forward from the year of assessment 2019 onwards be extended from a maximum period of 7 consecutive years of assessment to a maximum period of 10 consecutive years of assessment; and


👉 the accumulated unabsorbed losses up to the year of assessment 2018 can be carried forward until the year of assessment 2025 and be extended until the year of assessment 2028.


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1. 2022年预算案建议:


👉 从 2019 课税年起,可结转 [carried forward] 的现有未抵消商业损失 [business losses],从最多连续 7 个课税年延长到 10 个课税年;以及


👉 截至 2018 课税年度的累计未抵消损失,可结转的课税年度从 2025 课税年延长至 2028 课税年度。








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